In a strategic move to fortify its financial position and mitigate the impact of ongoing challenges stemming from its US casualty exposure, Swiss Re is poised to strengthen its casualty reserves by an estimated $2.1 billion in the years 2023-2024, according to a Berenberg report.
This move comes in the wake of a prolonged period of multi-year reserve strengthening, which saw the company accumulate approximately $5.1 billion from 2015 to the fiscal year 2022.
